​While this is known to all that a car insurance policy is mandatory in India, very few know that the minimum level of requirement of such policy is a Third Party Car Insurance. However, you can also have more extensive cover through a Fully Comprehensive policy.
 
There are three types of car insurance policies – fully comprehensive, third party fire & theft and third party. Of these, fully comprehensive car insurance is generally considered to be the most expensive cover as it offers the maximum protection.
 
Third Party car insurance is comparatively cheaper. But the price difference between these two types of car insurance policies may vary in different cases. In some plans offered by the insurance companies, a fully comprehensive car insurance coverage might turn out to be cheaper than third party car insurance policy.
 
Thus, to get the best deal and the right one as per your need, you need to be sure about the range of coverage you would require. Do not get swayed by rates, for if you meet an accident, you may not be in a position to pay your repair bills or purchase a new car.
 
Compare car insurance policies
 
Did you do your research and tried your bargain skills while buying your car? Then why not while buying your insurance policy? Shopping from different insurance companies to check their policy benefits and premiums is always a best idea.
 
In the process of third party car insurance comparison you realize that the premium rates for different policies will vary depending on factors like your age, experience, gender, address, occupation and of course the insurer.
 
A third party car insurance protects towards any damage caused by your vehicle to a third party's property. You might be an excellent driver, but you are not the only one driving on road. And you would definitely not wish to be trapped in a crisis like situation in the event of an accident.